SeaBridge Investment Advisors LLC Boosts Stock Holdings in TCW Strategic Income Fund, Inc. $TSI

Key Points

• SeaBridge Investment Advisors LLC increased its stake in TCW Strategic Income Fund by 17.6%, owning 805,169 shares valued at approximately $3.9 million as of the latest reporting period.
• The TCW Strategic Income Fund announced a quarterly dividend of $0.065 per share, scheduled to be paid on October 10th, with a dividend yield of 5.2%.
• Shares of TCW Strategic Income Fund have experienced a slight increase, currently priced at $5.02, with a 12-month low of $4.61 and high of $5.16.

SeaBridge Investment Advisors LLC raised its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,169 shares of the financial services provider's stock after buying an additional 120,465 shares during the period. SeaBridge Investment Advisors LLC owned about 1.69% of TCW Strategic Income Fund worth $3,929,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSI. Bank of America Corp DE boosted its position in TCW Strategic Income Fund by 11.7% during the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock valued at $192,000 after buying an additional 4,167 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in TCW Strategic Income Fund during the fourth quarter valued at about $49,000. NBC Securities Inc. boosted its position in TCW Strategic Income Fund by 107,262.5% during the first quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock valued at $41,000 after buying an additional 8,581 shares during the period. Sowell Financial Services LLC purchased a new stake in TCW Strategic Income Fund during the first quarter valued at about $162,000. Finally, JP Wealth Management Inc. boosted its position in TCW Strategic Income Fund by 7.3% during the first quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider's stock valued at $14,788,000 after buying an additional 207,300 shares during the period. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Stock Up 0.4%

Shares of NYSE:TSI opened at $5.02 on Friday. The company has a 50-day moving average price of $4.95 and a 200-day moving average price of $4.91. TCW Strategic Income Fund, Inc. has a 12 month low of $4.61 and a 12 month high of $5.16.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 30th.

TCW Strategic Income Fund Profile

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.

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